National news organizations losing credibility among US consumers: Study shows concern about rising bias in media reporting.
Gen Z adults are most likely to try new brands: But fading brand loyalty and longer paths to purchase mean retailers will have to work harder to earn their patronage.
Alibaba’s profit skyrocketed 69%: That’s largely a reflection of the company’s increased focus on its bottom line.
Emergency SNAP benefits expire in 32 states next week: That could result in a significant loss for grocers like Walmart and Kroger since SNAP spending can account for a significant share of sales.
“It’s really hard when people don’t know what it is that you stand for. Then you ultimately stand for nothing, and that’s when your sales suffer,” our analyst Zak Stambor said on our “Behind the Numbers: Reimagining Retail” podcast.
The total value of contactless payments made with UK Barclays cards surged nearly 50% YoY thanks to regulatory changes and broader acceptance.
The “de-influencing” influence: The new trend of creators recommending what not to buy reflects a tough economy, disdain for fakery.
Target is spending $100 million to expand its next-day delivery capabilities: The retailer plans to have at least six new sortation centers to make delivery cheaper, faster, and more efficient.
If the “Retail Media 1.0” era was primarily about search-driven ecommerce, then Retail Media 2.0 (with credit to Peter Moustakerski) will be about moving up the funnel and across retail channels
There’s no stopping the retail media juggernaut. At $45.05 billion in US spending in 2023, it’s already far ahead of connected TV and closing in on traditional TV.
TJX’s clothing-oriented stores grew sales 7% in Q4: But the retailer’s home furnishings division reported a 7% decline. (This story was written with the assistance of GPT-3.)
Dick’s Sporting Goods looks to grow its share of the outdoor market: The retailer is buying outdoor retailer Moosejaw from Walmart. (This story was written with the assistance of GPT-3.)
Issuers should keep an eye on rising delinquencies and charge-offs to understand how consumers are faring financially.